Green Brick Partners (GRBK) : Traders are bullish on Green Brick Partners (GRBK) as it has outperformed the S&P 500 by a wide margin of 6.38% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.3%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.86% in the last 1 week, and is up 4.23% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.79% and the 50-Day Moving Average is 7.67%.The 200 Day SMA reached 15.72% Green Brick Partners, Inc. is up 16.64% in the last 3-month period. Year-to-Date the stock performance stands at 12.92%.
Company shares have received an average consensus rating of Hold for the current week Green Brick Partners (NASDAQ:GRBK): The stock opened at $7.79 and touched an intraday high of $8.18 on Friday. During the day, the stock corrected to an intraday low of $7.67, however, the bulls stepped in and pushed the price higher to close in the green at $8.13 with a gain of 4.36% for the day. The total traded volume for the day was 962,914. The stock had closed at $8.13 in the previous trading session.
Green Brick Partners, Inc., formerly BioFuel Energy Corp., is a real estate operator. The Company is involved in the purchase and development of land for residential use, construction lending and home building operations. The Company operates through two segments: land development and homebuilding services. Within homebuilding services segment, the Company has two divisions: Texas and Georgia. The Companys land development segment conducts its business under the brand Green Brick Communities. The Companys homebuilding services segment conducts its operations primarily through JBGL Builder Finance LLC (Builder Finance). The Company is engaged in various aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing and sales of various residential projects in master planned communities primarily in the metropolitan areas of Dallas and Fort Worth, Texas (DFW) and Atlanta, Georgia (Atlanta).